Kosmos will consider its options this year. Inglis said it would be likely that the second phase would have some element of fixed contract and spot pricing. “We will not have to have sold all the gas” at final investment decision (FID), he said.
“With higher production and lower capital, free cash flow is expected to rise into 2024 providing multiple pathways for the company to deliver value for our shareholders.”
The production pipelines will run to the FPSO, a distance of around 80 km. The FPSO removes liquids – primarily water and condensate – and then exports gas to the floating LNG (FLNG) hub, around 35 km away.
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
The FPSO for BP’s Greater Tortue Ahymeyim (GTA) LNG project has left China and is heading for its site off Mauritania and Senegal.
Kosmos Energy is taking steps to ramp up production by 50% by 2024 – and in the longer term scale up its West African gas projects.
Senegal will join the Gas Exporting Countries Forum (GECF) today as an observer, before graduating to full membership next year with the start of LNG exports.
Mauritania has signed a production-sharing contract (PSC) for the BirAllah field with BP and Kosmos Energy.
A typhoon has ripped a BP FPSO away from its moorings at a Chinese yard, throwing up another challenge to plans for LNG production off Senegal and Mauritania.
Senegal is positioning itself as an alternative source of gas for Europe as Russia cuts supplies of the fuel.
Eiffage Génie Civil Marine have completed the central platform of the hub for the Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania and Senegal.
Technip Energies has signed a memorandum of understanding (MoU) with Senegal’s COS Petrogaz on LNG and decarbonisation.
BP has chosen Petrofac to carry out work at the Greater Tortue Ahmeyim (GTA) LNG project as the service company scales up its African presence.
Kosmos Energy is scaling up spending to $700 million this year, from $460mn in 2021, on both its base producing business and its LNG project with BP.
Eiffage Génie Civil Marine has completed the construction of the 21 caissons required for BP’s Greater Tortue Ahmeyim (GTA) project.
Kosmos Energy has completed the sale of the vessel that will be used on the Greater Tortue Ahmeyim (GTA) LNG project to BP.
Technip Energies has awarded a contract for pre-installation and subsequent hook-up for a floating project offshore Mauritania and Senegal to Havfram.